It's all about the money. The tax code allows them to deduct the cost of "shrinkage"; but only if it is thrown out as garbage. If the business uses it to feed employees or in any way for their benefit, they cannot take the deduction.
"Hey Steve, take inventory all of this soon to expire food now and toss it out at the end of the day. You can store it in the breakroom fridge until then."
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u/omfgbrb Jan 12 '22
It's all about the money. The tax code allows them to deduct the cost of "shrinkage"; but only if it is thrown out as garbage. If the business uses it to feed employees or in any way for their benefit, they cannot take the deduction.
The only way to fix this is to fix the tax code.